Insider Selling: Maximus Director Unloads 8,550 Shares of Stock (MMS)
Maximus (NYSE:MMS) Director Paul R. Lederer unloaded 8,550 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $47.01, for a total transaction of $401,935.50. Following the completion of the transaction, the director now directly owns 88,530 shares of the company’s stock, valued at approximately $4,161,795. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on MMS. Analysts at EVA Dimensions LLC upgraded shares of Maximus from a “hold” rating to an “overweight” rating in a research note on Thursday. Separately, analysts at Jefferies Group raised their price target on shares of Maximus from $53.00 to $58.00 in a research note on Friday, February 7th. Finally, analysts at Citigroup Inc. downgraded shares of Maximus from a “buy” rating to a “neutral” rating in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Maximus has a consensus rating of “Buy” and a consensus target price of $54.93.
Maximus (NYSE:MMS) traded up 1.16% during mid-day trading on Thursday, hitting $47.17. The stock had a trading volume of 182,784 shares. Maximus has a 52-week low of $34.65 and a 52-week high of $50.55. The stock’s 50-day moving average is $44.06 and its 200-day moving average is $43.75. The company has a market cap of $3.201 billion and a P/E ratio of 25.18.
Maximus (NYSE:MMS) last released its earnings data on Thursday, February 6th. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.42 by $0.06. The company had revenue of $406.60 million for the quarter, compared to the consensus estimate of $392.86 million. During the same quarter last year, the company posted $0.63 earnings per share. Maximus’s revenue was up 42.0% compared to the same quarter last year. Analysts expect that Maximus will post $2.02 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 0.39%. The ex-dividend date is Wednesday, February 12th.
MAXIMUS, Inc is a provider of business process services (NYSE:MMS) to government health and human services agencies under its mission of Helping Government Serve the People.
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